INR News and Press, Market Vectors Indian Rupee/USD ETN From 11/09/20

The new week has begun with robust risk appetites, driving stocks higher and sending the dollar broadly lower. The greenback fell by 2% against the Canadian dollar last week, the largest decline in five months. The dollar was weaker against nearly all the world's currencies, but t...

The US dollar had one of its worst weeks of the year. Many participants were caught wrong-footed by the dollar's drop and the sharp drop in US yields. The broad dollar weakness is making it difficult for the PBOC to resist a stronger yuan. For further details see: Bears ...

U.S. presidential elections and the spread of coronavirus are two most important themes impacting the global foreign exchange market right now. The Swiss franc and Australian dollar look "overvalued." The Canadian dollar is the most "undervalued" currency among the majors. F...

The dollar, which fell on Tuesday, is recovering smartly today. It has risen against nearly all currencies. Among the majors, the Australian dollar has been hit the hardest; the Swiss franc is the strongest, and virtually flat. Emerging market currencies have seen some dramati...

The US dollar is heavier against the major currencies. The euro looks to snap its six-day slide, as does the JP Morgan Emerging Market Currency Index. The Turkish lira remains under pressure despite its slightly less than expected rise in CPI. The Reserve Bank of Australia did...

The dollar is firmer, though not against the dollar bloc. Sterling is the weakest of the majors, though it is recovering. The euro fell in every session last week and extended those losses today. For further details see: Shaken Not Stirred

The spread of coronavirus and the fear of the second round of lockdowns is the most important theme impacting global foreign exchange markets. The Swiss franc and Australian dollar look "overvalued." Canadian dollar is the most "undervalued" currency among the majors. For fu...

US-dollar-denominated exchange reserves - that would be US Treasury securities, US corporate bonds, US mortgage-backed securities, etc. held by foreign central banks - rose 1.9% in the second quarter to $6.9 trillion, according to the IMF's COFER data release. The yen has backed off a...

Japan's preliminary September PMI was little changed from October, and the composite remained below the 50 boom/bust level. The French PMI showed a similar pattern to the German report, but a bit worse. The US preliminary PMI is expected to follow the European pattern of a continu...

The major central banks have met, and not one announced fresh policy action. All the brouhaha about the rapid rise of the euro misses that it has been moving sideways for nearly two months. With all the commentary on the euro, it was the yen, whose 1.6% gain last week, led the maj...